The Jebel Ali Free Zone, or Jafza, a leading industrial free zone in the Middle East, said on Sunday that a majority of sukuk-holders had given it consent for an early redemption of a Dh7.5 billion-equivalent Islamic bond.
The free zone, which has been recording a steady surge in the number of industrial companies joining the zone, said a majority representing 89 per cent of certificate holders had voted in favour of the Extraordinary Resolution in a meeting on May 24 in London...............................................Full Article: Source